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ISLAMABAD:The government added Rs1
adidas campus blue .2 trillion to public debt in the last fiscal year in a bid to build a cash buffer for timely debt repayments in future after the International Monetary Fund (IMF) placed a ban on fresh borrowing from the central bank, said a federal minister on Thursday.Minister for Economic Affairs Hammad Azhar s comments came amid increasing criticism of the government for adding Rs7.6 trillion to the public debt in last fiscal year 2018-19 - a surge of 31.3%.PM opted for IMF deal despite another option: UmarThe Rs7.6-trillion increase in public debt is far higher than the estimated budget deficit of nearly 9% of gross domestic product (GDP) even after taking into account the impact of steep currency depreciation on the stock of external public debt. It (is) no mystery at all Rs3 tr
nike af1 men illion is the devaluation effect on the old debt stock that the PML-N used to say is a notional number Rs1.2 trillion is used for increasing cash balances of the
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KARACHI:Earlier this month, the Pakistan Tehreek-e-Insaf government silently increased prices of petroleum products by up to 10%.Every time there is an increase in retail prices, the government says it is because of fluctuations in global petroleum and crude oil prices whereas the opposition and consumers, who are most affected by the rise, criticise the government for the extra charge and more taxes.But do we know how petroleum prices are determined
dunks shoes nike air force in the country Is the process entirely arbitrary or driven by a formula The Express Tribune spoke to oil
jordan high expert Ilyas Fazil to find out the history and mechanism to determine petroleum product prices in Pakistan. Excerpts:Express Tribune: Following oil discovery in the late 19th century, how did the authorities come up with a pricing mechanism Ilyas Fazil: The first oil discovery was made in Baku, Azerbaijan in the 1830s. Commercial oil wells followed in Poland, Romania, Canada and Pennsylvania in the 1850s. Producers set their own price